Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT) by 47.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 654,896 shares of the company’s stock after selling 593,633 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.48% of Atour Lifestyle worth $17,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P acquired a new position in Atour Lifestyle during the 3rd quarter worth approximately $34,000. Public Employees Retirement System of Ohio purchased a new stake in Atour Lifestyle during the third quarter worth about $143,000. Cornerstone Investment Partners LLC acquired a new position in Atour Lifestyle during the fourth quarter worth about $213,000. Y Intercept Hong Kong Ltd purchased a new position in Atour Lifestyle in the third quarter valued at about $430,000. Finally, Trivest Advisors Ltd purchased a new stake in shares of Atour Lifestyle during the 4th quarter worth approximately $457,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ATAT shares. Bank of America boosted their target price on Atour Lifestyle from $35.30 to $36.80 and gave the stock a “buy” rating in a research report on Friday, March 14th. UBS Group set a $37.30 price target on shares of Atour Lifestyle and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group initiated coverage on Atour Lifestyle in a research report on Monday, December 9th. They set a “buy” rating and a $34.40 price objective for the company.

Atour Lifestyle Stock Performance

Atour Lifestyle stock opened at $29.11 on Friday. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $33.32. The stock’s 50 day moving average price is $29.13 and its 200 day moving average price is $26.97. The firm has a market capitalization of $4.01 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 0.59 and a beta of 0.37.

Atour Lifestyle (NASDAQ:ATAT) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The business had revenue of $285.58 million during the quarter, compared to analyst estimates of $275.49 million. On average, analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People’s Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.